The problem occurs over time due to long hours, work stress, working with residents who have deteriorating health care conditions and other on-the-job challenges.
Are millennials—the demographic group known for its atypical approach to work and working environments—the answer?
STAFFING IS A TOP CHALLENGE FOR LONG-TERM TERM CARE
At least 70% of people over 65 will need long-term care services and support at some point in their lives, according to a study by the U.S. Department of Health and Human Services. Meanwhile, the Pew Research Center says roughly 10,000 baby boomers turn 65 each day, increasing the need for employees in the industry.
The U.S. Bureau of Labor Statistics forecasts a 15% increase in jobs for registered nurses between 2016 and 2026. That’s 1.1 million new nurses needed across healthcare, including long-term care.
Long-term care facilities must maintain adequate staffing levels to ensure quality care. This includes having enough staff available if someone calls in sick, is on vacation or quits. For many facilities, covering planned and unplanned staff absences can be a problem because of their limited pool of employees.
The impact of turnover on an organization’s bottom line is significant and measurable—by some estimates it can be upwards of 30% of an employee’s annual salary. So, if a caregiver’s compensation is $30,000 annually, the cost of replacing that position can be $10,000. Compounding the employment problem is the often strenuous work. With the average age of a nurse today nearly 50 years old, younger workers are needed to fill staffing vacancies.